Dec 24, 2012 4:00am PST
's like no gas. what are we going to do. >> reporter: in the tablet wars, google introduced the nexus 7 and ipad came out with the ipad mini. while media continues to boom, news print dwindles. "newsweek," the magazine, will continue in a digital version only. hostess brands which made twinkies, ho-hos and wonder bread shut down after a crippling labor strike. >> what is the world going to be without twinkies? >> reporter: a new intelligence report reports that china will overtake the u.s. economy in 20 years, but america's more immediate concern was the unemployment rate, which finally slipped below 8% in six years. that helped ignite a record shopping spree. americans spent a record $59 billion over thanksgiving weekend but shopping slowed closer to christmas as consumers kept an eye on washington's efforts to avoid the fiscal cliff. alexis christoforous, "cbs news," new york. >>> coming up on "cbs this morning," an update on your last-minute holiday travel and we'll get a live report from dallas-ft. worth airport. >>> plus, the nra is speaking out in the debate over the gun control.
Dec 28, 2012 4:00am PST
into space." google, how far is earth to the moon? the moon is 238,900 miles... "the great moment had come." 3, 2, 1... [ giggling ] to the best vacation sp(all) the gulf! it doesn't matter which of our great states folks visit. mississippi, alabama, louisiana or florida, they're gonna love it. shaul, your alabama hospitality is incredible. thanks, karen. love your mississippi outdoors. i vote for your florida beaches, dawn. bill, this louisiana seafood is delicious. we're having such a great year on the gulf, we've decided to put aside our rivalry. now is the perfect time to visit anyone of our states. the beaches and waters couldn't be more beautiful. take a boat ride, go fishing or just lay in the sun. we've got coastline to explore and wildlife to photograph. and there's world class dining with our world famous seafood. so for a great vacation this year, come to the gulf. its all fabulous but i give florida the edge. right after mississippi. you mean alabama. say louisiana or there's no dessert. this invitation is brought to you by bp and all of us who call the gulf home. >>> newtown,
Dec 25, 2012 6:00am PST
and google maps is back in the app store. number four facebook's botched ipo. the most anticipated ipo in years had so many problems. a long delay, technical glitches, investor confusion, and plenty of finger pointing. to top it off underwriters wildly over estimated the company's value pricing shares at $38 apiece. the stock is down almost 30% since. number three yahoo's ceo pads his resume. scott thompson claimed to have a bachelor's degree in accounting and computer science but his degree is only in accounting. guess who's not ceo anymore? number two, jp morgan's $6 billion trading loss. ceo jamie dimon in may disclosed a unit in london lost millions on one complicated trade. he had to explain himself to congress and jp morgan still managed a $5 million profit that quarter. >>> finally the dumbest move in business this year? you guessed it. the fiscal cliff. if we go over analysts say it will spark a recession. then again, congress is taking us right to the edge and maybe beyond. check out the full list of dumbest moments in business on cnn money.com. here's to a smarter 2013. back